5013 Ogeechee Road,Savannah, GA 31405
Savannah, GA 31405
Description
Rare opportunity to acquire a 25-unit extended-stay motel/apartment complex with significant income potential on highly visible Ogeechee Rd/Hwy US-17. Situated on approximately 2.43 acres with commercial road frontage, this well established, family owned property consists of 25 fully furnished one-bedroom, one-bathroom units. Each unit features a private entrance, private bath and a fully equipped kitchen with full sized refrigerator. All furnishings convey with the sale. Potential gross income exceeds $373,000 annually based on weekly rental rate model at full occupancy, or approximately $357,000 annually as monthly rentals. Currently there is a mixture of weekly, biweekly, and monthly tenants, many whom are well established, long term residents. A minimum six month stay is required. Operational advantages include private wells resulting in no water bills, no city taxes, and no flood insurance requirement. A current motel business license is in place. Conveniently located near Berwick Community, Chatham Parkway, major employers, shopping, dining, and easy interstate access/transportation routes. This income producing property offers both immediate cash flow and long term appreciation potential. Positioned in a rapidly growing area, the property is surrounded by ongoing, residential, commercial, and infrastructure development, creating future opportunities for increased demand, rental growth, and overall property appreciation.. Some furnishings in photographs may have been replaced and are subject to change.
Details
| MLS # | SA358865 |
|---|---|
| Listing Type | For Sale |
| Style | Hotel/motel |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 77 |
| Listing Provided By | Re/Max Savannah | Amber Williams |
Features
| Bed(s) | 25 |
|---|---|
| Bath(s) | 25 Total |
| SQ Feet | 8,432 |
| Story(s) | 1 |
| Zoning | AT |
| Acreage | 2.43 |
| Property View | Panoramic |
Interior
| Heating Yes / No | Yes |
|---|---|
| Cooling Yes / No | Yes |
| Cooling | Electric, Window Unit(s) |
| Furnished | Furnished |
Exterior
| Exterior Features | Fence, Other |
|---|---|
| Roof | Asphalt, Composition, Metal, Other |
| Foundation Details | Concrete Perimeter, Other, Raised |
| View | Panoramic |
| Construction Materials | Brick, Frame, Other, Concrete, Vinyl Siding, Wood Siding |
Utilities
| Electric | 110 Volts, 220 Volts |
|---|
Taxes
| Tax Legal Description | LOT 3 LAUREL LODGE SUB |
|---|---|
| Tax Year | 2025 |
Area Information
| State | GA |
|---|---|
| County | Chatham |
| City | Savannah |
| Zip Code | 31405 |
| Listing VS Median (in 31405) | |
Price: $2,000,000 low | high Med: $359,900 sqft: 8,432 low | high Med: 1,588 $ / sqft: $237 low | high Med: $234 On site: 77 low | high Med: 161 | |
Market Activity 31405
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Learn More About This Property
| State | GA |
|---|---|
| County | Chatham |
| City | Savannah |
| Zip Code | 31405 |
| Listing VS Median (in 31405) | |
Price: $2,000,000 low | high Med: $359,900 sqft: 8,432 low | high Med: 1,588 $ / sqft: $237 low | high Med: $234 On site: 77 low | high Med: 161 | |
